Martin Winterkorn

profit margins and unresolved cost issues were among the reasons why former Chairman Ferdinand Piech attacked CEO MartinWinterkorn this spring, sources have said. Winterkornandnbsp;last year announced plans to trim costs at the core division

departure in April of long-serving chairman Ferdinand Piech was considered a catalyst for change but chief executive MartinWinterkorn has yet to present a new company structure. Without the China effect and in the absence of any meaningful operational

Sunday. Following the departure of patriarch Ferdinand Piech in April, who resigned after losing a showdown with CEO MartinWinterkorn , former union boss Huber was meant to hold the role for only a few months, Bild am Sonntag reported. But one candidate

learn from Skoda." Fresh from surviving a power struggle with Piech that nearly cost him his job, VW Group CEO MartinWinterkorn told shareholders in early May that VW's altruistic investments in platform-sharing helped other brands like

company. The 53-year-old, who joined Porsche in 1985, is the third appointment to VW's supervisory board since former patriarch Ferdinand Piech and his wife quit in April after a public showdown with CEO MartinWinterkorn . andnbsp;

2007 when former BMW development boss Herbert Diess takes control on Wednesday. Diess's tasks as successor to MartinWinterkorn , who remains VW Group CEO, include reining in costs, increasing profitability and making the brand a stronger

Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, CEO MartinWinterkorn said in a newspaper interview published Sunday.andnbsp; "We will bring a budget-car family to market in 2018

euro bonus to be paid when he steps down as CEO, according to the company's annual report. Volkswagen Group CEO MartinWinterkorn was paid 15.9 million euros in 2014, according to the company's annual report.

Michael Horn, downplayed the importance of hitting annual U.S. sales of 800,000 vehicles by 2018, a goal VW CEO MartinWinterkorn has held to despite slumping U.S. sales for the brand over the past two years. The 2018 sales target "is still

Europe's biggest carmaker are drawing up a new structure to tackle problem areas laid bare by a showdown between CEO MartinWinterkorn and former Chairman Ferdinand Piech. Volkswagen is looking for a chairman to replace Piech, who quit in April after

billion) by 2017. The company is tackling trouble spots exposed by the showdown in April between Piech and CEO MartinWinterkorn , which triggered the departure of Piech, VW's long-time patriarch. The push to make Klingler's job redundant

who is head of VW's works council, said. Osterloh has emerged as a more powerful figure within VW since CEO MartinWinterkorn relied on his backing to fend off a challenge from Piech. "We have not yet begun a debate about the supervisory

2013. The closures helped reduce overall pricing pressure in the industry, but top executives such as VW Group CEO MartinWinterkorn say that another 10 plants in Europe should be shuttered to address the region's overcapacity. It's the carmaker

s biggest carmaker for more than two decades, was forced out as VW chairman last month over his criticism of CEO MartinWinterkorn , who was backed by other stakeholders and labor representatives. VW is now in transition, looking for a new chairman

due to the market development in Russia," VW sales chief Christian Klingler said in a statement . Volkswagen CEO MartinWinterkorn has pledged to tackle problems such as weak profitability at the core VW brand and underperformance in the United

split between Ferdinand Piech, the company's former chairman, and his cousin Wolfgang Porsche over support for MartinWinterkorn as CEO of the group. It may be one of the world's biggest carmakers alongside General Motors and Toyota, but

portfolio beyond the automaker. Porsche SE is looking to acquire technology that will allow cars to exchange data, MartinWinterkorn , CEO of both VW and the holding company, said on Wednesday. The investment vehicle of the Porsche-Piech family